CAE';s FY24 Global Annual Activity and Sustainability Report: a year of strategic advancement and sustainable growth

Rhea-AI Summary

CAE has released its FY24 Global Annual Activity and Sustainability Report, highlighting significant strides in environmental, social, and economic domains. The report underscores CAE's commitment to sustainability as a key business driver. CEO Marc Parent emphasized the strategic role of sustainability in capturing market share and demonstrating industry leadership. Chief Sustainability Officer Hélène V. Gagnon noted the long-term value created for stakeholders through sustainability efforts. Key highlights include a comprehensive strategy to reduce greenhouse gas emissions, a supplier engagement program promoting operational excellence and sustainability, and initiatives advancing diversity, equity, inclusion, and Indigenous relations.

MONTREAL, June 27, 2024 /PRNewswire/ - CAE (NYSE: CAE) (TSX: CAE) is pleased to unveil its fiscal year 2024 Global Annual Activity and Sustainability Report. This extensive document highlights CAE's proactive strides in integrating environmental, social, and economic factors across its operations. This showcases the tangible actions undertaken to foster sustainable growth and yield positive outcomes for stakeholders and broader society.

"At CAE, we are elevating our commitment to sustainability, not just as a corporate responsibility, but as a business imperative that positions us at the forefront of our industry," said Marc Parent, CAE's President and Chief Executive Officer. "Our comprehensive approach enables us to capture a greater share of market, demonstrating leadership and innovation in all facets of our business."

This report acts as a transparent means of interacting with customers, employees, investors, suppliers, and community partners, working together towards a safer and more sustainable future.

"By integrating sustainability into CAE's operations, we are creating long-term value not just for ourselves but for all our stakeholders," declared Hélène V. Gagnon, Chief Sustainability Officer and Senior Vice President of Stakeholder Engagement at CAE. "Our actions to bolster the positive environmental impact of our products and solutions become an even greater competitive advantage as a key enabler of our customers' decarbonization."

The report showcases CAE's remarkable progress in environmental stewardship, social responsibility, and sustainable business practices, featuring key highlights such as:

• Carbon built-in strategy: We continue to implement a comprehensive approach to reduce greenhouse gas (GHG) emissions at the source. Our near-term targets have been submitted for SBTi validation and we continue to integrate carbon considerations in our business decision-making and processes.
• Our supplier engagement program: As a proactive change agent, we are mobilizing our partners with the launch of CAE's Supply Chain Management Program, CAE Resilient Together. The program is designed to mutually reinforce operational excellence and sustainability through collaboration and innovative initiatives.
• Advancing DE&I and Indigenous relations: We continue to champion diversity, equity, and inclusion as a business imperative and started our journey on engaging with Indigenous communities. This underscores our integration of diverse perspectives into our business practices and community engagement activities.

For more information and to access the full report, click here. 

About CAE

At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.

CAE Contacts: 

General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com 

Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management,
+1-514-734-5760, andrew.arnovitz@cae.com

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SOURCE CAE Inc.

FAQ

What are the key highlights of CAE's FY24 Global Annual Activity and Sustainability Report?

The report highlights CAE's strategy to reduce greenhouse gas emissions, a new supplier engagement program, and initiatives advancing diversity, equity, inclusion, and Indigenous relations.

How does CAE plan to reduce greenhouse gas emissions?

CAE has implemented a comprehensive approach to reduce greenhouse gas emissions, with near-term targets submitted for SBTi validation and carbon considerations integrated into business decisions.

What is CAE's new supplier engagement program?

CAE's supplier engagement program, CAE Resilient Together, aims to reinforce operational excellence and sustainability through collaboration and innovative initiatives.

How is CAE advancing diversity, equity, inclusion, and Indigenous relations?

CAE continues to champion diversity, equity, and inclusion as a business imperative and has begun engaging with Indigenous communities to integrate diverse perspectives into its practices.

Why is sustainability important to CAE according to the FY24 report?

Sustainability is seen as a business imperative that helps CAE capture market share, demonstrate leadership, and create long-term value for stakeholders.

Who commented on CAE's sustainability efforts in the FY24 report?

CEO Marc Parent and Chief Sustainability Officer Hélène V. Gagnon both emphasized the importance and impact of CAE's sustainability efforts.